The Jayco company has a weekly payroll of $150,000 and its last payroll processed before the end of the financial year was on Friday 26th June. Employees do not work on weekends and are only paid for time worked from Monday to Friday. Required: Prepare the journal entry to accrue the payroll at 30th June.
The Jayco company has a weekly payroll of $150,000 and its last payroll processed before the end of the financial year was on Friday 26th June. Employees do not work on weekends and are only paid for time worked from Monday to Friday. Required: Prepare the journal entry to accrue the payroll at 30th June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Jayco company has a weekly payroll of $150,000 and its last payroll processed before the end of the financial year was on Friday 26th June. Employees
do not work on weekends and are only paid for time worked from Monday to Friday.
Required:
Prepare the
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